Gulf Marine Services Share Discussion Threads

[bmw30csl] 18/5/2018 09:09

It likely would but we aren't likely to be in that scenario.

[trident5] 18/5/2018 08:52

BMW - a distress sale of the vessels (which is the real valuation concern) would bring in buttons.

[bmw30csl] 18/5/2018 08:23

What I like here is the assets which they mainly built themselves so the book value is understated - they will de gear in most scenarious so the transfer of EV to equity from debt is ticking along - I can imagine many people think the banks will force an equity raise due to the high leverage but the debt is asset backed by the vessels (admittedly the banks would struggle to put them to work!) and the banks have played nice to date and got a few fees along the way.

[unnavailable] 17/5/2018 21:04

I bought in around 2 weeks ago. From a macro view, it seems all the signs are looking positive at this point.From a micro view, I think management are doing a good job.Agm due next week. Possible trading update. If positive, this easily sails back to 75p, imo.Being honest, I feel like this is so obvious that I must be missing something. I've dipped toe and will watch price action early tomorrow.

[my retirement fund] 17/5/2018 17:03

Indeed trident I want to see the 45p level has the balls to withhold any stale bulls whom are likely to be prompted to cut and run in the next week first though.

[bmw30csl] 17/5/2018 17:01

Just what you want at this part of the cycle - a levered oil service company that is delevering and is cheap on all metrics with very reasonable expectations for 2018 and 2019. 2019 revenue forecasts of $177mn are well below 2014-2016 despite more high end vessels and a bigger overall fleet.

[hpcg] 17/5/2018 16:15

Averaging up is definitely the best policy

[trident5] 17/5/2018 13:58

MRF - your time has come, it's 46 to buy now

[my retirement fund] 17/5/2018 13:28

Well my money is for a breakout, 75p sounds reasonable although I suspect 45p will take a bit of effort to convincingly break first. As soon as I see a convincing break of 45p I will double my holding.Much more sensible to average up rather than average down don't you agree?

[hpcg] 17/5/2018 12:49

Very nice. We already have the mark in the sand from last year when people thought the oil crash was resolving. This time it is for real so 75p should be upon us within the next 3 months at worst.

[trident5] 17/5/2018 12:45

It's waking up. Almost as if buyers have been waiting for $80 oil.

[trident5] 17/5/2018 12:45

It's waking up. Almost as if buyers have been waiting for $80 oil.

[phowdo] 15/5/2018 17:27

Its likely the brokers have been finding new homes for the shares off-book.
There have been a few holdings RNSs from those who bought the shares in the last month.

[seangwhite] 15/5/2018 17:08

Who is buying the G C holding as there is very little trade in these currently.

[phowdo] 15/5/2018 17:02

Gulf Capital down to 60M shares from 98M a month or so ago

[trident5] 10/5/2018 22:25

I suspect the re-rating may be underway and might get some real momentum if they can announce another contract win.
Interesting to see the two institutions topping up today

[seangwhite] 10/5/2018 22:05

Trident- the rise is of course a reasonable % but compared to its drop over 12 months is not too significant. The POO is up and companies like this get lifted. A real rerating will only come with a decent trading update.

[trident5] 10/5/2018 17:24

seangwhite - what do you want? It's up over 20% in a few days.

[phowdo] 10/5/2018 16:11

More TR-1s
Wont be long before the overhang is cleared.

[seangwhite] 09/5/2018 18:16

No real change in the share price here so it will take a fair while before GMS gets a restating.

[phowdo] 09/5/2018 08:53

PoO is a wake-up call regardless of geo-politics.
Investors starting to realise that outside the Permian basin the oil industry really needs to start replacing production declines.

[my retirement fund] 09/5/2018 08:20

This is looking perky. Prehaps the market is getting ready to start attributing a sensible price finally based on the feasible forward earnings achievable in a few years time.

[my retirement fund] 04/5/2018 12:47

I had a strong movement this morning.

[seangwhite] 04/5/2018 10:37

Lets hope a few other value funds run the numbers on GMS and move in.